Goldstein on Gelt

Does a stock market trader need to be lucky? Or is there a skill that can be learned to get stock market trading success? Jack Schwager, author of the Market Wizard series, examines the difference between having "luck" in stock market trading and having a well-informed system or algorithm to choose trades. Unfortunately, some investors think intuition is all they need to make great stock choices. Intuition and luck shouldn't be the basis of trading decisions. How do you know if you just got lucky or if you discovered a winning algorithm? Jack emphasizes that vigilance and good research are the most important criteria for success with an investment portfolio. Being well-educated about the current market is really the best course for any investor. Is the P/E ratio a reliable measure of a good stock? Many investors depend on the P/E (price earnings ratio) of a stock as an indicator of whether it is a "good buy." Doug explains how the P/E ratio is calculated, discusses whether it really is a reliable measure of a quality stock. Is a stock's P/E a reliable indication as to how it might perform? Learn more about Jack Schwager by reading his Market Wizard series and his most recent book, A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles. Or learn more about his trading philosophy at FundSeeder.an analytical platform for traders that creates real time track records. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

Can analysts predict the factors that drive investment returns? Does the "dual momentum" approach improve investment returns? Gary Antonacci, winner of the Wagner Award for Advances in Active Investment Management, explains how he combines two strategies in his dual momentum approach. Can relative momentum (buying stocks that perform better than their peers) and time series momentum (buying on positive momentum and selling on negative momentum) actually improve investment performance? How do performance-based strategies reconcile with the investment refrain "past performance can't predict future performance?" The sting of great investment returns: Capital Gains Tax Once you are fortunate to have profits in your investments, don't neglect your capital gains tax. Learn how capital gains tax strategies can be especially useful to dual citizens who may be liable to pay taxes in two countries. Make sure that you have a great CPA for each country you owe taxes to – and that each one knows what the other is doing. Just because two countries have signed an agreement, doesn't mean you automatically benefit. You might need to do some work. Consult with a qualified tax advisor as to your tax responsibilities, as I provide investment, not tax advice. Tune in for Doug's advice on how you might want to invest your capital gains. To learn more about dual momentum, visit Gary's website optimalmomentum.com and blog dualmomentum.net and read his award-winning book, Dual Momentum Investing. If you're not already receiving updates on new episodes for The Goldstein on Gelt Show, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book

Are you afraid to begin market trading? Aaron Fifield, the host of the financial podcast, Chat with Traders takes the mystery out of market trading is and explains how to get started. Doug and Aaron discuss what sort of attitude best serves a trader. They also debunk misconceptions people have about market trading. Aaron offers advice for newcomers who might be intimidated by bigger traders and confirms that even a small trader has a place in the market. How much money should a trader start investing? Do you know what's in your portfolio? Doug warns investors not to ignore their portfolio. Investors need to review their statements and have a full understanding of what is going on. He has some options for investors who may have lost interest in their account. He explains the difference between a basic financial advisor relationship and a "separately managed account" (SMA) with a money manager. If you are out of the loop on your investment portfolio, then let Doug help you get back up to speed. If a SMA sounds like something you could use, then watch a short video that gives an overview of what a financial advisor and what a money manager could do for you. To listen to Aaron Fifield on Chat with Traders go to chatwithtraders.com. You can also follow Aaron on Twitter. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

Attitude is everything and Jen Sincero, New York Times bestselling author of You Are a Badass at Making Money: Master the Mindset of Wealth, explains how a positive money mindset is critical to financial success. Jen is a firm believer that you create your financial situation based upon how you think about money. She and Doug discuss common delusions people have about money, and provides tips on how to connect with your personal money beliefs, so you can weed out the bad ones. Lots of people are looking at money wrong. Are you one of them? If you are ready for a money mindset change, listen to this interview! What is the difference between a stockbroker and a financial planner? While some financial professionals are both stockbrokers and financial planners, they are really two separate professions. Doug compares the two positions and offers advice about when it is best to consult one or the other. Here's a hint, if you are planning for retirement: the financial planner is your best bet. To get more information about consulting the right financial specialist, read these FAQ. To learn more about Jen Sincero, read her books You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life and You Are a Badass at Making Money: Master the Mindset of Wealth, visit her website or find her on Twitter, Instagram, and Facebook. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

Doug welcomes Meb Faber, chief investment officer of Cambria Investment Management, to the show to discuss why people have a hard time finding the right investments. Listen as they explore common mistakes investors make when choosing their investments. Meb reveals a good investment that is commonly overlooked: investing in a financial advisor. Meb expounds on why a money manager is a sound investment. There are many ups and downs in the investment world, and having a financial or advisor is a great way to navigate the market. He also gives helpful advice on how to introduce risk into your portfolio with international investing. A personal story about investing in real estate Doug discusses the challenges his family is facing now that his parents' home is on the real estate market. Before you decide to buy an investment property, listen to Doug's experiences and decide if owning real estate is right for you. This is a reality check worth hearing! To learn more about Meb Faber, listen to his financial podcast. Check out his website to see all the books he's written. You can follow him on Twitter @mebfaber or on his company's website If you're not already receiving updates on new episodes for The Goldstein on Gelt Show, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

Ellen Rogin, CPA, CFP®, and The New York Times bestselling author of Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality joins the show to help motivate listeners to reach their financial goals. You can do it! Ellen and Doug talk about the effectiveness of imagining your ideal life as a motivator towards making good decisions. Ask yourself, "What would my ideal retirement look like? How would I feel?" These questions are important when setting financial goals. For most people, this exercise motivates them to make smart money decisions so they can turn their daydream into reality. Ellen encourages the use of a "vision board" for goal setting. She expounds on what a vision board is and how a future retiree can use it to illustrate their financial and life goals. Learn how your imagination can help you make smarter financial decisions! Do you have a big financial decision coming up? Make a plan! Doug shares the story of a couple who didn't plan well for selling their house. He recounts the painful lesson the couple learned. This cautionary tale should be a reminder that, no matter what your circumstances, when you need to make a big investment or purchase, you should always have a plan in place. If you are interested in Ellen Rogin's Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality, visit her website. You can also find her on Twitter, Facebook, and LinkedIn. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

Tobias Carlisle, author of Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations joins Doug to discuss the difference between deep value investors and franchise investors. What type of investor are you? You're a deep value investor if you look for small companies that have the potential to be great. The deep value method is a long-term approach that requires in-depth analysis of the company in question… and a bit of wisdom. Companies on the verge of liquidation can be purchased at a "discounted" rate and may turn a profit when the company is liquefied, or the market improves. Tobias reveals the number one mistake deep value investors make when they purchase a business. Did you – or will you – receive an inheritance? Often, added to the pain of losing a loved one, is the angst of what you should do with an inheritance. As a financial advisor, Doug sees many people make costly mistakes when they receive an inheritance. There are many details involved in managing an inheritance (especially IRAs). Listen to the episode to learn what you should do after you receive an inheritance to avoid making costly mistakes. Download a free toolkit here to learn about the steps you should take if you live overseas and receive an American inheritance. Follow Tobias Carlisle on his website, website The Acquirer's Multiple, and on Twitter. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.

Doug makes a convincing case for REITs (Real Estate Investment Trusts) for people wanting to invest in real estate. REITs may be a good alternative for people who want to own real estate but want to avoid the "mess" of being a landlord. Doug explains what a REIT is and its potential benefits. He also discusses the problems of doing business outside of the U.S. with "packaged products." Listeners will learn what a "packaged product" is and why it is considered a PFIC (Passive Foreign Investment Corporation) by the U.S. government. How can new investors get started? Jane Barratt, the founder of Goldbean, an education platform for beginning investors, shares her company educational programs to help new investors. She outlines some of the common hang-ups and problems beginning investors have, and then offers the solutions her company can provide. Jane emphasizes the importance of attitude and the willingness to learn. She explains how the Goldbean platform is able to teach and mentor, in order to help investors reach their fullest investment potential. Visit the Goldbean website or go to their Twitter and Facebook. Goldbean also has tons of useful content on Lynda.com. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book. Opinions of the guest are not necessarily the opinions of Doug Goldstein, CFP®) or of Portfolio Resources Group. Mentioning a product or company is not necessarily an endorsement of the product.

Professor Elinor Ostrom, winner of the 2009 Nobel Prize in Economics, explains what common pool resources are and how this concept encourages preservation of the environment. We were privileged to interview Professor Ostrom a few weeks before she passed away in 2012.

Have you been approached by a "too good to be true" offer or other investment scheme? Many people are tricked by questionable investment offers. What's the biggest mistake these people make? They don't read the fine print. Doug stresses the importance of understanding all your investments before making a financial decision. He suggests consulting a professional money manager or a trusted advisor who understands money and your own financial situation. Financial predators rely on the fact that people frequently make rash decisions in an effort to grow their money. Avoid the dark side of the investment world and promises of super high returns. Everything you need to know about personal finance can be written on an index card Doug welcomes Helaine Olen, the co-author of The Index Card: Why Personal Finance Doesn't Have to Be Complicated to discuss her book. Helaine tells Doug the story about "the index card" and how it inspired her and her co-author, Harold Pollack. Would you believe that everything you need to know about personal finance can be written on an index card? She explains how personal finance has changed over time and how the index card method can get investors back on track. Follow Helaine Olen on Twitter @helaineolen. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.